Wednesday, February 29, 2012

It is so sad that Ron Paul's message can't be heard without hunting for it on the internet...I am so sick of hearing Fox, CNN, MSNBC pretend to be reporting on a GOP race. Mitt and Rick have no record to support their "conservative" claims. Mitt, Rick, or Barack...who cares...I sure don't...they're all puppets, all loyal to Wall Street, the Fed, and ultimately not the 99.7% of Americans. I would like to point out something that is not often well understood. Here is what the "tops" make...

Based on the Internal Revenue Service’s 2010 database below, here’s how much the top Americans make:

Currently, the very highest income households, those with incomes over $1 million, are less likely to owe AMT than are households with incomes between $200,000 and $1 million.

Source
Do you get what this is saying?!!! The AMT (Alternative Minimum Tax) is sold to the public (American Citizens who think our government is looking out for our interests) as a means for "rich" people to still be required to pay taxes despite making their money from investment income rather than wage earner incomes, but in reality the elite rich -ARE LESS LIKELY to owe AMT than those with incomes between $200Kand $1Million.

Ok! Ready for the big surprise...What to you think the majority of US Congress and Senators are worth? You guessed it, over $1 million...I wonder why the AMT doesn't apply to Millionaires?????Source

My point is this...sure the top 1% make a lot of money ($380K), but these people are the business owners of America and they do pay the bulk share of our nations taxes, despite what we are led to believe by today's politicians. It is not the 1% that we should be upset with. It is the top 0.16% who escape paying their share of taxes, control politicians or are politicians, and pursue power much greater than mere accumulation of wealth....

The top-earning 5 percent of taxpayers (AGI equal to or greater than $154,643) paid far more than the bottom 95 percent. The top 5 percent earned 31.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes.